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Is human capital losing from outsourcing? : Evidence for Austria and Poland

Lorentowicz, Andzelika (contributor); … - 2005

Feenstra and Hanson (1997) have argued in the context of the North American Free Trade Agreement that US outsourcing to Mexico leads to an increase in the skill premium in both the US and Mexico. In this paper we show on the example of Austria and Poland that with the new international division...

Persistent link: https://www.econbiz.de/10003297588

Stochastic optimal control, international finance and debt

Fleming, Wendell Helms; Stein, Jerome L. - 2002

We use stochastic optimal control-dynamic programming (DP) to derive the optimal foreign debt/net worth, consumption/net worth, current account/net worth, and endogenous growth rate in an open economy. Unlike the literature that uses an Intertemporal Budget Constraint (IBC) or the Maximum...

Persistent link: https://www.econbiz.de/10011410314

From theory to policy with gravitas : a solution to the mystery of the excess trade balances

Felbermayr, Gabriel; Yotov, Yoto V. - 2019

Bilateral trade balances often play an important role in the international trade policy debate. Academic economists understand that they are misleading indicators of competitiveness and of the gains from trade. However, they also recognize their political relevance, calling for accurate...

Persistent link: https://www.econbiz.de/10012064371

Bilateral trade imbalances

Cuñat, Alejandro; Zymek, Robert - 2019

Bilateral trade imbalances are determined by aggregate trade imbalances, production and expenditure patterns, and trade barriers. We calibrate a dynamic many-sector trade model to match the recent sectoral trade and production shares of 40 economies and the rest of the world. Through a variance...

Persistent link: https://www.econbiz.de/10012064397

Why go to France or Germany, if you could as well go to the UK or the US? : selective features of immigration to four major OECD countries

Geis, Wido (contributor); Uebelmesser, Silke (contributor); … - 2008

of migrants to four countries, viz. France, Germany, the UK and the US, which receive a substantial share of all …

Persistent link: https://www.econbiz.de/10003771831

The structure of worker compensation in Brazil, with a comparison to France and the United States

Menezes-Filho, Naercio Aquino (contributor); … - 2006

differential in Brazilian and U.S. manufacturing coincides, and is considerably smaller than in France. Estimates are unaffected by … those of France. Worker characteristics have comparable explanatory power for manufacturing wage variability in the three …

Persistent link: https://www.econbiz.de/10003300948

How far away is an intangible? : services FDI and distance

Davies, Ronald B.; Guillin, Amélie - 2011

Foreign direct investment (FDI) in services has grown significantly in recent years. Evidence of spatial relationships in FDI decisions have been provided for goods manufacturing by utilizing physical distance-based measures of trade costs. This paper investigates spatial interactions for...

Persistent link: https://www.econbiz.de/10009307953

The location of cross-border mergers & acquisitions in the USA

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2015 - First version: October 2014, this version: April 2015

neglected. In this paper we analyze the within country location-target selection of M&As in the USA. Extending Guadalupe (2012 … the USA for the period 1985-2012, we compare location choices of cross-border M&As to that of national M&As. We find that … across the USA than national M&As, and that for both forms of M&As location specific market access in the USA as well as …

Persistent link: https://www.econbiz.de/10010515424

Horizontal versus vertical interdependence in multinational activity

Badinger, Harald (contributor); Egger, Peter (contributor) - 2008

Recent research in international economics highlights the role of interdependencies of investment decisions and sales of multinational firms. Previous work focused on and provided evidence for aggregate flows or stocks of foreign direct investment, showing that interdependence declines in...

Persistent link: https://www.econbiz.de/10003720587

A tale of two surplus countries : China and Germany

Cheung, Yin-Wong; Steinkamp, Sven; Westermann, Frank - 2019

We analyze current account imbalances through the lens of the two largest surplus countries; China and Germany. We observe two striking patterns visible since the 2007/8 Global Financial Crisis. First, while China has been gradually reducing its current account surplus, Germany’s surplus has...

Persistent link: https://www.econbiz.de/10012024585

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